Cloud Computing Data Center IT Asset Disposition Market Set to Reach $25.03 Billion by 2029 with 13.7% Yearly Growth

What industry-specific factors are fueling the growth of the cloud computing data center it asset disposition market?
The escalation in the use of cloud computing services is predicted to fuel the expansion of the cloud computing data center IT asset disposition market. The services of cloud computing refer to the provision of computing resources and IT services via the internet on a pay-as-you-go basis. Their affordability, user-friendly nature, adaptability, and scalability are contributing towards their growing popularity. Cloud computing boosts the efficiency, security, scalability, and analytical capabilities of the IT asset disposition processes, thereby fostering innovation and competitiveness in the arena of data center IT asset disposition. For instance, data from AAG IT Services, a non-government organization in the UK, in June 2024, indicated that 89% of organizations surveyed in 2022 leveraged multi-cloud solutions for their storage and workload requirements. Merely 9% used a single public cloud, while 2% depended on a single private cloud. Thus, the rising usage of cloud computing services is facilitating the growth of the cloud computing data center IT asset disposition market.

Get Your Cloud Computing Data Center IT Asset Disposition Market Report Here:
https://www.thebusinessresearchcompany.com/report/cloud-computing-data-center-it-asset-disposition-global-market-report

What Is the projected market size and growth rate for the cloud computing data center it asset disposition market?
The market size of the cloud computing data center IT asset disposition has witnessed a swift expansion in recent years. The market value is set to escalate from $13.13 billion in 2024 to $14.97 billion in 2025, with a compound annual growth rate (CAGR) of 14.0%. Factors such as vendor and technological advancements, amplified sustainability efforts, a surge in data center migration or relocation, and considerations related to lease or life expiry have contributed to the growth in the historical period.

The market size of the cloud computing data center IT asset disposition industry is predicted to experience swift expansion in the coming years, elevating to $25.03 billion by 2029 with a CAGR of 13.7%. This growth in the projected period is attributed to factors like cloud migration and hybrid IT, increased risks in the cybersecurity environment, cost efficiency measures, remote workforce and endpoint management, and data center automation and orchestration. During the forecast period, major trends will include the growing adherence to circular economy ideologies, a surge in automation and AI-centric solutions, a stronger emphasis on data safety and confidentiality, burgeoning of cloud-oriented disposition solutions, and incorporation with data center lifecycle management.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15144&type=smp

How are the latest trends influencing the growth of the cloud computing data center it asset disposition market?
Big players in the cloud computing data center IT asset disposition market are concentrating on creating innovative solutions like IT asset repurposing and processing facilities, to meet the growing requirement for safe and efficient disposal of retired IT apparatus. Such facilities are specialized sites constructed to extract value from obsolete or decommissioned tech hardware. For instance, TES amm, an IT and services vendor based in Singapore, inaugurated its new IT asset repurposing and processing facility in March 2024, specifically aimed at prolonging the lifespan of tech assets and data center equipment, with a particular emphasis on hyper-scale and corporate apparatus to fulfill the tailored needs of the regional data center sector. The establishment is fully accredited, including recognition to R2v3, the premier certification for responsible electronics recycling, and it will generate over 100 new employment opportunities in the Fredericksburg region. It employs sophisticated technical instruments to process hyper-scale and enterprise hardware and ensure the extensive forensic elimination of data from tech devices. The location seeks to assist the local data center sector by stopping rare metals from being discarded into landfills.

What major market segments define the scope and growth of the cloud computing data center it asset disposition market?
The cloud computing data center it asset disposition market covered in this report is segmented -

1) By Service: Re marketing, Recycling, Data Destruction, Other Services
2) By Asset Type: Servers, Networking Equipment, Storage Devices, Other Asset Types
3) By End Users: Enterprises, Cloud Service Providers, Colocation Providers

Subsegments:
1) By Re marketing: Resale Of IT Equipment, Refurbishment Of Hardware
2) By Recycling: E-Waste Recycling, Component Recovery, Material Recycling
3) By Data Destruction: Hard Drive Shredding, Data Wiping and Degaussing, Secure Disposal Services
4) By Other Services: Inventory Management, Logistics And Transportation, Auditing and Reporting Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15144

Which region dominates the cloud computing data center it asset disposition market?
North America was the largest region in the cloud computing data center IT asset disposition market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud computing data center it asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the cloud computing data center it asset disposition industry growth?
Major companies operating in the cloud computing data center IT asset disposition market report are Dell Technologies Inc.; HP Development Company L.P.; Arrow Electronics Pvt Ltd.; Iron Mountain; Sims Recycling Services; Liquid Technology; TES-AMM; McPhersons Resources Ltd.; ITRenew's; Atlantix Global Systems; Wisetek Providers Inc.; CNET Global Solutions; Hyphen Services Ltd.; TechTurn Ltd.; Garbageman Ltd.; Apto Solutions Ltd.; CloudBlue Digital Ltd.; HOBI International; Cascade Asset Management LLC; GreenTek Solutions LLC; ServerMonkey LLC; ICT Reverse; Inrego AB

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=15144&type=smp

What Is Covered In The Cloud Computing Data Center IT Asset Disposition Global Market Report?

• Market Size Forecast: Examine the cloud computing data center it asset disposition market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud computing data center it asset disposition market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud computing data center it asset disposition market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud computing data center it asset disposition market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud computing data center it asset disposition market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud computing data center it asset disposition market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud computing data center it asset disposition market.
• Competitive Landscape: Review strategic developments in the cloud computing data center it asset disposition market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.